Online Selling May Get More Complicated

Hey there. What changes have there been since then? What do you think? Personally, I've not seen any changes. I mean, online selling is still easy and profitable as it's always been.

The IRS reporting requirements for sales over $600 per year have been put off until next year.

 
The IRS reporting requirements for sales over $600 per year have been put off until next year.


As I read this it seems to mean that 2022 is the old standard but at the moment 2023 sales may still be affected by whatever they decide this year. They're big on making rule changes apply retroactively IIRC.
 
As I read this it seems to mean that 2022 is the old standard but at the moment 2023 sales may still be affected by whatever they decide this year. They're big on making rule changes apply retroactively IIRC.
They have not canceled the new rule for 2022. They only postponed it. If it doesn't get changed this year in some way, you can fully expect to pay 2022 taxes along with 2023.
 
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